Iexec$RLC

What is this network?

iExec is a decentralized cloud platform that offers a wide range of services. It allows anyone to monetize or rent computing power, datasets, and applications while retaining ownership and privacy. The platform is designed to provide on-demand access to computing power, datasets, and applications over a decentralized network furnished by resource providers who are incentivized with tokenized rewards. The iExec marketplace uses RLC (Runs on Lots of Computers) tokens to conduct transactions. Users trade computing assets by exchanging RLC tokens.

How can I mine tokens?

RLC tokens cannot be mined. The value of a position in RLC tokens is increased through cryptocurrency investment and trading strategies. The price and market cap of RLC tokens increase and decrease with the inflows and outflows on exchanges. Buying and selling pressure influences its price moves. Another option, though not directly RLC mining, is to mine another coin like Ethereum or Bitcoin and then convert those coins into RLC after receiving compensation.

How can I use the network?

Users can use the iExec network to access on-demand, unlimited computing power for their applications, access data to train their models in a trusted network, and access innovative applications to solve industry-specific problems. All resource providers accept RLC tokens as a means of payment, making the usage of the iExec network simple for everyone. Users can also participate in the iExec marketplace to trade computing assets by exchanging RLC tokens.

Who governs this network?

iExec is a decentralized network, meaning that it operates independently of a central governing body. All users who participate on the blockchain are able to audit and verify the blockchain’s transactions. The iExec team is responsible for developing and maintaining the platform, but the network itself is governed by the collective actions of its users.